Uranium - what a ballistic blast!

While going long uranium may be a safe bet, hedge funds tell Sara Utecht producers are having to buy surplus metal to supply utilities - sending the price skywards in doing so

The growing demand for new forms of energy to replace oil and coal have resulted in a price increase for uranium and a strong long-term outlook, according to Andrew Ferguson, co-manager of the Geiger Counter Fund, which invests in uranium. He explains that the metal's price began to move significantly several years ago.

"The uranium price has gone from $7 per lb and has peaked at $136 per lb in the last few years [but] it's gone back a bit now to $85. I expect it will go back up as China, Japan

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